FY2028 EPS Estimates for Ubiquiti Increased by Analyst

Ubiquiti Inc. (NYSE:UI) – Stock analysts at Zacks Research upped their FY2028 earnings estimates for Ubiquiti in a research report issued on Wednesday, September 10th. Zacks Research analyst Team now forecasts that the company will post earnings of $14.52 per share for the year, up from their prior forecast of $14.42. The consensus estimate for Ubiquiti’s current full-year earnings is $7.21 per share.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, August 22nd. The company reported $3.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $1.31. The company had revenue of $759.15 million during the quarter, compared to the consensus estimate of $618.80 million. Ubiquiti had a net margin of 27.66% and a return on equity of 166.22%. During the same period in the previous year, the firm posted $1.74 earnings per share.

A number of other research firms have also recently weighed in on UI. BWS Financial lifted their price objective on shares of Ubiquiti from $440.00 to $600.00 and gave the company a “buy” rating in a report on Monday, August 25th. UBS Group set a $600.00 price objective on shares of Ubiquiti in a report on Monday, August 25th. Finally, Barclays lifted their price objective on shares of Ubiquiti from $247.00 to $299.00 and gave the company an “underweight” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $499.67.

Ubiquiti Price Performance

NYSE UI opened at $614.59 on Thursday. Ubiquiti has a 1 year low of $198.08 and a 1 year high of $621.09. The company has a fifty day moving average of $468.55 and a 200 day moving average of $392.32. The company has a market capitalization of $37.18 billion, a PE ratio of 52.22 and a beta of 1.42.

Institutional Investors Weigh In On Ubiquiti

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in Ubiquiti by 133.9% during the first quarter. AQR Capital Management LLC now owns 232,015 shares of the company’s stock valued at $70,521,000 after buying an additional 132,816 shares in the last quarter. TD Asset Management Inc acquired a new position in Ubiquiti during the first quarter valued at approximately $34,013,000. Long Walk Management LP acquired a new position in Ubiquiti during the second quarter valued at approximately $28,480,000. Epoch Investment Partners Inc. acquired a new position in Ubiquiti during the first quarter valued at approximately $18,897,000. Finally, Pacer Advisors Inc. lifted its position in Ubiquiti by 76.2% during the first quarter. Pacer Advisors Inc. now owns 108,934 shares of the company’s stock valued at $33,785,000 after buying an additional 47,109 shares in the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Ubiquiti’s previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, September 2nd. Ubiquiti’s payout ratio is presently 27.19%.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.